Former Miami Dolphin cornerback is in big trouble for a Ponzi Scheme ran in Florida
Former Miami Dolphins cornerback Will Allen has been up to no good since leaving the NFL, according to the SEC. The SEC claims the ex-NFL player ran a multi-million dollar Ponzi scheme and blew millions of dollars in clubs and s.
According to the Securities and Exchange Commission, Allen a former first round pick of the Miami Dolphins- was a co-owner of Capital Financial Partners, which made loans to pro athletes.
The SEC says 36-year-old Allen and his partner raised $31 million from investors but only loaned out $18 million. The rest of the money they partied away.
Now the SEC wants them to pay it back, and could end up in a prison sentence similar to Bernie Madoff.
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